22 March 2012

Krugman on Paul Ryan's 2013 Budget

“So I wonder: are they willing to concede, at long last, that he’s a clown?

His latest budget proposal has received some harsh critiques. It calls for huge tax cuts, supposedly offset by closing loopholes and ending tax expenditures — except that in a long report he fails to name a single tax expenditure that he would cut. It assumes drastic cuts in discretionary spending, basically eliminating everything except defense. And over the medium term, of course, it’s a plan to savage the poor while giving big tax breaks to the rich.

So actually two questions: are people finally willing to concede that Ryan is not now and has never been remotely serious? And — I know this is probably far too much to ask — are they going to do a bit of soul-searching over how they got snookered by this obvious charlatan? ”

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“So I wonder: are they willing to concede, at long last, that he’s a clown?

His latest budget proposal has received some harsh critiques. It calls for huge tax cuts, supposedly offset by closing loopholes and ending tax expenditures — except that in a long report he fails to name a single tax expenditure that he would cut. It assumes drastic cuts in discretionary spending, basically eliminating everything except defense. And over the medium term, of course, it’s a plan to savage the poor while giving big tax breaks to the rich.

So actually two questions: are people finally willing to concede that Ryan is not now and has never been remotely serious? And — I know this is probably far too much to ask — are they going to do a bit of soul-searching over how they got snookered by this obvious charlatan? ”